post #2

Research 1 company and describe how they protect their company from internet risks.Also, research for possible risks or dangers and/or impacts of internet - related crimes to a company.

Western Union is a worldwide leader in money transfer and messaging services. Famous for its pioneering telegraph services, the original Western Union dates back to 1851 and introduced electronic money transfer service in 1871. Western Union Commercial Services is a division of Western Union Financial Services, which is a subsidiary of First Data Corp. (NYSE: FDC). Atlanta-based First Data Corp. helps move the world's money. As the leader in electronic commerce and payment services, First Data serves more than two million merchant locations, 1,400 card issuers and millions of consumers, making it easier, faster and more secure for people and businesses to buy goods and services.Related crime to a company
Western Union has been the conduit of a lot of fraud. But since they're not the victim, they don't care much about security. It's an externality to them. It took a lawsuit to convince them to take security seriously.Western Union, one of the world's most frequently used money transfer services, will begin warning its customers against possible fraud in their transactions.

Persuading consumers to send wire transfers, particularly to Canada, has been a popular method for con artists. Recent scams include offering consumers counterfeit cashier's checks, advance-fee loans and phony lottery winnings.
More than $113 million was swindled in 2002 from U.S. residents through wire transfer fraud to Canada alone, according to a survey conducted by investigators in seven states.
Washington was one of 10 states that negotiated an $8.5 million settlement with Western Union. Most of the settlement would fund a national program to counsel consumers against telemarketing fraud.
In addition to the money, the company has agreed to increase fraud awareness at more than 50,000 locations, develop a computer program that would spot likely fraud-induced transfers before they are completed and block transfers from specific consumers to specific recipients when the company receives fraud information from state authorities.